Practical tips for small biz owners

For many small business owners, just making your financial obligations month-by-month is difficult. But as your business grows and becomes more profitable, it’s time to start thinking about saving some of that profit towards your retirement.

The IRS has a guide to help define the different types of retirement plans and how they affect your taxes. Publication 560, Retirement Plans for Small Businesses will help you wade through the information and select the right retirement plans for you (and your employees):